Archive for September, 2013

Thursday, September 5th, 2013

More than 8 million homeowners are ‘resurfacing’

Thursday, September 5th, 2013

Portending relief for inventory-starved housing markets in the not-so-distant future, 8.3 million homeowners, or about 18 percent of homeowners with mortgages, will gain enough equity to sell their homes in the next 15 months without resorting to short sales, according to data aggregator RealtyTrac. “Steadily rising home prices are lifting all boats in this housing…Read More »

Mortgages will remain hard to get until common sense returns

Wednesday, September 4th, 2013

Long-term rates stayed about the same this week, mortgages just above 4.5 percent for most products. There are many things to write about this week, but the most important news for most Americans is the first retreat from Dodd-Frank toward common sense. Economic data stayed in pattern — reasonable growth without acceleration. Overall orders for…Read More »